tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

UK’s Competition Appeal Tribunal rules against Apple over app commissions

The United Kingdom’s Competition Appeal Tribunal ruled that Apple (AAPL) must pay damages for “excessive” commissions from app developers. “Apple has abused its dominant position by charging excessive and unfair prices in the form of its Commission which it charges developers for iOS app distribution services and iOS in-app payment services,” the Tribunal said in its ruling.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1